Thread by @solanians_

1/ @ProjectSerum and the vision to flourish the ecosystem no.2

The next part to help you understand more about the idea behind Serum and provide a list of exciting projects built in the ecosystem.

Based on Serum, SRM, and an Ecosystem for the Future P.2 - @SBF_Alameda

2/ In the last past, I have shared my thoughts of why @ProjectSerum choose such a challenging route which is the central limit order book model (CLOB) instead of pursuing, for example, an AMM model?

https://twitter.com/solanians_/status/1387998507856920576

3/ Instead of short-term gain, Serum’s ultimate vision is to build an infrastructure that can support the mass adoption which contains billion of users and $10 trillion of on-chain value.

4/The CLOB model if worked can bring far more value than today’s users could imagine.
-No fear of slippage
-Condensed liquidity >> more accurate pricing and more efficient markets.
-Build cutting-edge products with DeFi’s composability, the only limit is your imagination.

5/ Despite the eco is still in an immature state and has many things to improve, but with a strong & supportive community, the innovative ideas behind the ecosystem and an increasing number of builders, Serum Dex is growing with an incredible speed

https://twitter.com/ProjectSerum/status/1394558832873861122

6/ A scattering of ideas for Serum and what a composable on-chain CLOB can bring in the future:
-Borrow/lending protocol for capital efficiency and leveraged trading in a single click.
-ETF’s in the shape of on-chain pools
-And many more like options, bonds,...

7/It’s not about the sophistication of these instruments. Rather @ProjectSerum hopes to lightly illustrate one path by which developers can build, on-chain, the underlying financial instruments driving at least half of the world’s financial activity.

8/ And in the end, it all bottoms-out to the on-chain Dex and orderbook.

https://twitter.com/solanians_/status/1389214248597815299

9/ Below is the list of existing projects in the ecosystem and hope it will help inspire users and developers when joining the eco.

10/ @bonfida
Bonfida is the flagship Serum GUI and full product suite bridging the gap between Serum, Solana, and the user.

$FIDA utilities: holding and staking $FIDA grants fee discounts, governance powers, and access to Solible

https://twitter.com/solanians_/status/1372406939926237186

11/ @mangomarkets
Mango harnesses the power of Solana as well as Serum’s CLOB. Mango Markets is currently in public beta offering up to 5x leverage margin trading on BTC and ETH with more token pairs arriving soon.

https://twitter.com/solanians_/status/1372408635771392006

12/@PsyOptions
Mature options infrastructure is severely lacking in DeFi and PsyOptions aims to fill that void.

13/@RaydiumProtocol
Raydium is an on-chain orderbook AMM built on Solana and leveraging Serum DEX’s central limit order book for fast trades, shared liquidity, and features for earning yield.

https://twitter.com/solanians_/status/1392423841067016194

14/@JetProtocol
The Jet Protocol will provide Solana market participants a place to borrow against their assets and manage their debt positions.

https://twitter.com/JetProtocol/status/1389336495648133131

15/@SolriseFinance
Solrise allows users to create and enter decentralized funds with under $20, reducing the barrier-to-entry to nearly 0 and is entirely non-custodial

16/ @PythNetwork
Pyth Network is an oracle network “being built by some of the biggest names in traditional finance and DeFi” to provide the infrastructure for DeFi to support reliable, institutional-grade market data oracles.

https://twitter.com/solanians_/status/1384089805823172610

17/ @Media_FDN
Media Network is a privacy-first and community-governed content delivery network (CDN) that bypasses traditional CDN providers’ centralized approach for a self-governed and open source solution where everyone can participate.

https://twitter.com/solanians_/status/1384370255456215040

18/ NFT is also a niche full of existing projects like @staratlas , @AuroryProject @OpenEraHQ

https://twitter.com/solanians_/status/1377932251028017153

19/ And this is just the beginning of Serum’s journey. Serum remains committed to its ambitious undertaking of building and fostering an ecosystem for everyone.

Let the world know about Serum.